Portfolio Manager jobs in Bergenfield, NJ

Who We Are

Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world's most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion.

We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker's list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.

What We're Looking For

The Vice President – Healthcare Portfolio Manager position will report directly to the Head of Healthcare Finance. The position will be responsible for monitoring ongoing portfolio performance within the healthcare lending team and may also be called upon to underwrite new loans on an as needed basis. The person is expected to independently manage the healthcare loan portfolio from loan closing to loan repayment, and to manage a team of portfolio managers and analysts as the group grows.

Responsibilities:

• Maintain oversight of the healthcare portfolio, including managing ongoing relationships with borrowers, monitoring borrower deliverables and tracking compliance with all terms of the underlying loans;
• Analyze borrower-prepared and third-party reports including financial statements, borrowing base certificates, appraisals, insurance, engineering reports, and collateral field examinations;
• Analyze historical and projected financial performance, model a variety of financing scenarios, and provide valuation analyses that appropriately consider risks associated with the loan opportunity, underlying operations, and the associated industry and regulatory environment;
• Propose constructive solutions for portfolio concerns, and establish and negotiate terms for approval;
• Manage the process for extensions, amendments, and waivers on existing loans;
• Oversee relationships with loan syndication partners;
• Prepare risk rating evaluations and portfolio level credit monitoring to risk management on a timely basis;
• Underwrite new healthcare loans on an as needed basis depending on deal flow;
• Participate in special projects and requests related to the management of the portfolio and the overall healthcare lending effort;
• Build industry relationships and identify possible new loan opportunities;
• Maintain network of sources and pipeline of deals;
• Interact with customers to maintain and enhance business relationships;
• Maintain current knowledge of internal policies, as well economic, financial, political, and legislative trends to determine possible impacts on healthcare lending trends; and
• Perform other duties as assigned.

Qualifications:

• Bachelor's degree with a focus in finance or accounting or similar post-degree work experience;
• Minimum of 7-10 years of experience in a credit analysis, loan underwriting or portfolio management role with a strong preference in healthcare finance;
• Strong understanding of credit policies and procedures and the ability to appropriately assess and monitor the risk associated with new and existing loans;
• High proficiency in financial statement analysis and Excel-based modeling;
• Experience with loan structuring and legal documentation review;
• Strong quantitative and qualitative analytical skills, strong oral and written communications skills and the ability to express ideas in an organized and articulate manner;
• Excellent interpersonal skills and the ability to develop and maintain relationships within the organization and the healthcare industry;
• Detailed-oriented and self-motivated team player with a strong work ethic. Well organized and able to work under pressure, multi-task and meet deadlines.
• Proficiency with Microsoft Office products; and
• Willingness to travel.

Education:

• Bachelor's degree in Finance, Accounting, Economics, or a related field preferred

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Salary Range: $180,000.00 - $220,000.00